This post is all about the best personal finance books for 2023.
If you want to be better at something, you must learn, research, and read – reading personal finance books is a great way to improve your relationship with money and your personal finances.
Of course, you have millions of resources at the click of your hand. The internet alone is brimming with blogs, apps, and influencers willing to share their financial knowledge. Still, few can compare to the invaluable information and experience gained from reading a well-written book.
Here is a list of the top 10 best personal finance books that will not only impart knowledge but will set you on the right path to financial success.
This post is all about the best personal finance books for 2023.
Personal Finance Books:
1. Founders at Work
Jessica Livingston
We all have heard success stories of well-known millionaires after they happened. For example, how Jeff Bezos started Amazon with funding from friends and family or Bill Gates Microsoft was priced at just $21 during launch at its IPO. But how many of us know how did they grow from there? What were their journey, challenges, and failure? How did they overcome them to become millionaires?
Jessica Livingstone’s Founders at work aims to answer all of these questions and more in these 500 paged interview collections of some of the world’s most successful entrepreneurs.
2. Rich Dad, Poor Dad
Robert Kiyosaki
Rich Dad, Poor Dad, has been an international bestseller. Selling more than 32 million copies worldwide, it is one of the best finance books of all time. And for a good reason. Kiyosaki’s premise challenges the way you think about work and money and walks you through everything about financial education without going over your head.
The book talks about the difference between working for money versus making your money work for you. Robert has nicely explained his financial theories with useful diagrams. Finally, he talks about the harsh, uncensored truth about wealth and what you can do to become successful in your career and start making good money.
3. You Are Badass at Making Money: Master the Mindset of Wealth
Jen Sincero
Jen Sincero’s You Are Badass at Making Money will inspire you to stop making excuses, get over your fear of money and become efficient towards attaining your financial goals.
According to Sincero, you must first identify your financial goals before doing anything else to grow your money. The financial book also argues that by repeating the same patterns of behavior, we have a part in establishing our current financial problems. Readers will discover what keeps them from living the life they seek and overcome those obstacles to achieve financial stability.
4. A Random Walk Down Wall Street
Burton G. Malkiel
Malkiel’s random walk down Wall Street has received rave reviews over the years. It is one of the best financial books for individuals who want to learn the basics of the volatile market before they build a portfolio.
The book’s theme is built on the efficiency of the stock market and why investors need to capitalize on it rather than wasting money and time on the market inefficiencies. What’s more, it’s loaded with timeless lessons that teach you about tangible assets, risk parity, classic investments, the bitcoin bubble, and other topics.
5. I Will Teach You to be Rich
Ramit Sethi
Written by the American Personal Finance Advisor, Ramit Sethi, the book brings you a six-week plan for living the “millionaire life.” As the title suggests, I Will Teach You to be Rich gives you lessons on building financial health. In simpler words, increase your income by opening a high-yield savings account, maximize your rewards with credit cards, and automating investments.
It’s a logical, step-by-step guide to financial success developed for people who are still learning about personal finance management. Sethi advises readers “automatically enabling yourself to save, invest, and spend – enjoying it, not feeling guilty…because you’re spending only what you have.”
6. Love Your Life Not Theirs
Rachel Cruze
Though “Why?” may appear to be a relatively innocuous question, Rachel has made it obvious throughout this book. She says that everyone should consider why they value certain things and what societal forces may be at play.
The book invites the reader into her personal battle to be intentional about the choices the couple decided to make rather than comparison living. Through her writing, Rachel has brought the elephant in the room to limelight, making the subject more accessible.
7. The Millionaire Next Door
J. Stanley
At first look, the title “The Millionaire Next Door” may appear to be a trashy narrative in search of glamour and 15 minutes of fame. However, this is anything but the truth. Most people equate “millionaire” with a high-class, high-consumption lifestyle marked by unbridled luxury.
However, in what you can call one of his best financial books of all times, J. Stanley goes to lengths to prove why this isn’t the case. Through countless interviews and a vast database, Stanley deduces that the average millionaire is far from the cocaine-addled rockstar frequently depicted in the media.
8. How Rich People Think
Steve Siebold
How Rich People Think is a financial book by former tennis prodigy Steve Siebold. Once you’ve read the book, you will understand how rich people think and the difference in mindset, habits, thoughts, and philosophies between the high and middle classes.
According to Steve, knowing the contrast is essential to learn their way of doing things, and by following their steps, one can become rich. The book contains hundreds of interviews of wealthy entrepreneurs who talk about the brutal truth about the rich mentality. However, the interviews have been published as anonymous people’s ideas and thoughts and don’t name people to maintain their privacy.
9. Meet the Frugalwoods
Elizabeth Willard
More of a “why to” than a “how to.”, this book uses the author’s personal journey to demonstrate the virtues of simple life and modest living. Despite being one of the best financial books, this isn’t a manual that will teach you how to achieve financial freedom down to the last detail. However, it is a beautifully written story about how one couple understood what was truly essential in life and set out to find it every day, backed by their financial independence.
Many books tell you tips on managing your finances and achieving financial independence, but none relates the tale of how you came to that decision as this one does.
10. The Year of Less
Cait Flanders
The Year of Less is the story of a woman who decided enough was enough and began working through the compulsions that were harming her physically, mentally, and financially.
Flanders describes how she went from being a binge drinker, binge eater, and shopaholic with a 30,000-dollar debt to being debt-free, having money in the bank, and living a much simpler but much happier life. The second step in the simplification approach for Flanders was to limit shopping to only absolute and pre-defined necessities. In this way, she gets declutter her life establishes a lifestyle free of unnecessary clutter. The key to this book is to live with less, consume less, and ultimately need less. It’s not about minimalism or decluttering (but it could make you want to!).
This post is all about the best personal finance books for 2023.
Some of the links in the post may be affiliate links, meaning we may receive a commission from your purchase.
